[06:08 am] Ed : good morning
traders
[06:23 am] Mitch K: how you guys
doing today?
[06:32 am] Mitch K: watching
KORS for bottom
[06:32 am] Mitch K:
watching YUM for bottom
[06:32 am] Mitch
K: watching GM for bottom to buy
[06:33
am] Mitch K: watching NKE today for multiple
trades long and short
[06:33 am] Mitch K:
watching OSIR for bottom to buy
[06:35 am]
Mitch K: watching XEC for top to
short
[06:35 am] Mitch K: watching MPC for
bottom to buy
[06:36 am] Mitch K: watching
SJM for bottom to buy, let it drop
[06:36
am] Mitch K: toppy now
[06:36 am] Mitch K:
watching UA for top to short
[06:36 am]
Mitch K: low priced stock LEAP, watching for
bottom,
[06:37 am] Mitch K: watching ULTA
for bottom to buy
[06:37 am] Mitch K:
watching WYNN for bottom, should be a quick
bounce and then out
[06:37 am] Mitch K:
watching for short on LVS
[06:38 am] Mitch
K: watching EOG for top, take time
[06:38
am] Mitch K: watching LNCR for bottom
to buy, best chart so far this
morning
[06:40 am] Mitch K: watching CLR
for top to short
[06:41 am] Mitch K:
watching JWN for bottom to buy
[06:42 am]
Mitch K: watching MJN for bottom, take
time
[06:42 am] Mitch K: be
flexible
[06:42 am] Mitch K: looking for
43.40 on LVS short to cover
[06:42 am]
Mitch K: looking for UA to break below
92
[06:43 am] Mitch K: monitoring
CREE
[06:43 am] Mitch K: watching for
bottom in ROST, DECK to buy
[06:44 am]
Mitch K: watching FDO for bottom to
buy
[06:44 am] Mitch K: soon
[06:44 am]
Mitch K: watching JOY for short
here
[06:44 am] Mitch K: watching YNDX for
top to short
[06:47 am] Mitch K: many
stocks are coming down from the opening high
and should give a quick bounce long on the
first bottom,
[06:48 am] Mitch K: consider
covering NKE if short, watching for bottom to
buy, looking for bounce off 85, be
flexible
[06:48 am] Mitch K: watching HCA
for top to short,
[06:48 am] Mitch K: the
ones that were up early and then bottom
should have that quick bounce,
[06:49 am]
Mitch K: watching MPC for bottom
here
[06:50 am] Mitch K: always use limit
orders in ipos, NOW is a “ho-hum” ipo,
nothing tooe xciting
[06:50 am] Mitch K: i
like big drops early in an IPO,
[06:50 am]
Mitch K: monitoring ipo of NOW but not the
volume i like for opening
[06:51 am] Mitch
K: watching UPL for bottom to buy
[06:52
am] Mitch K: consider reducing YUM long or
selling soon
[06:52 am] Mitch K: no bottom
in GM yet, getting better
[06:52 am] Mitch
K: consider reducing KORS long
[06:52 am]
Mitch K: watching NFLX for bottom
[06:53
am] Mitch K: should be out of LEAP, good job
if you got it
[06:54 am] Mitch K: watching
EL for bottom, Estee Lauder
[06:54 am]
Mitch K: as it drops
[06:54 am] Mitch K:
liking MJN better and better
[06:54 am]
Mitch K: watching TSCO for bottom, slow
mover
[06:54 am] Mitch K: CRM turning
over
[06:55 am] Mitch K: taking YUM off
screen
[06:55 am] Mitch K: watching ASH
for bottom
[06:55 am] Mitch K: taking LEAP
off screen, need room
[06:55 am] Mitch K:
watching WLT for bottom
[06:55 am] Mitch
K: lost patience with OSIR, taking off
screen
[06:57 am] Mitch K: watching VMED
for top to short, take time
[06:57 am]
Mitch K: trade failure on V
[06:58 am]
Mitch K: look for 2nd helping short around
43.75 area, be flexible
[06:58 am] Mitch
K: you should be out of LVS short
[06:58
am] Mitch K: 2nd helping short started,
should make lowe rlows than first
short
[06:59 am] Mitch K: be flexible, as
a. rubber hose
[06:59 am] Mitch K:
looking for 87 area on NKE bounce
[06:59
am] Mitch K: lost interest in JWN
[07:00
am] Mitch K: consider reducing KORS as bounce
occurs
[07:01 am] Mitch K: weak bounce in
ROS, consider selling
[07:01 am] Mitch K:
consider covering JOY
[07:02 am] Mitch K:
looking for 82.30 area on MJN, be
flex
[07:02 am] Mitch K: probably sell NKE
better
[07:02 am] Mitch K: NKE toppy,
consider reducing long
[07:03 am] Mitch K:
the NOW bounce over, take it off screen
now,
[07:04 am] Mitch K: be flex
[07:04
am] Mitch K: looking for over $43 on DECK
long
[07:04 am] Mitch K: LNCR bounce looks
over
[07:05 am] Mitch K: consider selling
or reducing WTW long
[07:05 am] Mitch K:
missed MNST bottom but watching for 2nd
helping short, missed first
[07:05 am]
Mitch K: NKE resurging up,
[07:06 am]
Mitch K: looking for 30.30 on HCA short, be
flexible
[07:08 am] Mitch K: watching SPLK
for top to short
[07:10 am] Mitch K:
consider reducing ULTA, sell in increments,
lower vol
[07:11 am] Mitch K: no sell
signal in MJN yet
[07:12 am] Mitch K: LVS
trying to break 43.60,
[07:13 am] Mitch K:
watching MOS for bottom to buy, take
time
[07:13 am] Mitch K: consider sellign
MJN long
[07:13 am] Mitch K: LNCR bounce
over
[07:16 am] Mitch K: looking for $23
area on UPL long
[07:17 am] Ed : SPY new
hod
[07:18 am] Mitch K: watching TIBX for
short
[07:19 am] Mitch K: looking for
53.50 area on EL
[07:19 am] Mitch K:
consider reducing GM long
[07:19 am] Mitch
K: consider selling TSCO long
[07:20 am]
Mitch K: consider selling WLT
gradually
[07:21 am] Mitch K: watching
WCRX for bottom, take time
[07:23 am]
Mitch K: KORS sure a nice trading stock last
couple of months
[07:24 am] Mitch K:
watching ULTA for short
[07:24 am] Mitch
K: consider reducing more TSCO
[07:24 am]
Mitch K: consider reducing more EL
[07:24
am] Mitch K: consider selling WTW
[07:24
am] Mitch K: consider selling WLT
here
[07:24 am] Mitch K: pretty good surge
in buying
[07:25 am] Mitch K: LVS
approaching 2nd helping short area, consider
selling long soon
[07:25 am] Mitch K: MJN
still strong,
[07:26 am] Mitch K: no sell
signal on MPC, strong, velly strong
[07:26
am] Mitch K: watch WTW for top to
short
[07:26 am] Mitch K: looking for
54.50 area on long
[07:26 am] Mitch K:
consider covering MOS
[07:26 am] Mitch K:
ASH bouncing
[07:27 am] Mitch K: CHinese
say velly, Indians say veddy
[07:29 am]
Mitch K: consider selling more MJN
[07:29
am] Mitch K: MJN toppy, little
toppy
[07:30 am] Mitch K: watching NAV for
top to short
[07:31 am] Mitch K: lost
interest in SPLK
[07:31 am] Mitch K:
monitoring IPXL
[07:32 am] Ed : getting
pullback in SPY
[07:41 am] Ed : monitoring
EFX for bounce would like move down to
45.50ish or more
[07:43 am] Mitch K:
watching SOHU
[07:50 am] Mitch K:
monitoring LL
[08:02 am] Ed : watch the 20
to 19.95 area on IPXL, been here 4x
[08:14
am] Mitch K: watching HUM
[08:17 am] Ed :
if u took IPXL short below 20 would cover
some here
[08:39 am] Mitch K: watching FMX
for bottom
[08:40 am] Mitch K: looking for
a small pull back in CCE
[08:46 am] Ed :
SPY trading in tight range
[09:26 am]
Mitch K: Rusty, I think i spotted you in that
crowd from your video of Egypt
[09:26 am]
Ed : SPY in tight range
[09:58 am] Mitch
K: Oil is on fire
[10:19 am] Ed : SPY
tradn at highs
[10:22 am] Mitch K:
watching WHR
[10:24 am] Mitch K: watching
WLT
[10:27 am] Mitch K: WHR getting
toppy
[10:28 am] Mitch K: watching
XEC
[10:42 am] Mitch K: WHR buy
signal
[10:50 am] Ed : SPY consolidating
at the highs
[11:20 am] Ed : give me 3min
have to reconfigure my monitors
[11:22 am]
Mitch K: watching FSLR
[11:25 am] Mitch K:
watching MJN
[11:29 am] Mitch K: hours ago
actually
[11:29 am] Mitch K: there is a
buy signal on the daily chart for crude oil
that triggered it today
[11:29 am] Ed :
SPY new hod
[11:34 am] Ed : just
monitoring WLP/HUM
[11:35 am] Ed : just
monitoring action see if we get acceleration
since they have been on slow death
march
[11:40 am] Mitch K: watching
SN
[11:44 am] Ed : on WLP
[11:44 am] Ed
: watch 63.92 see if we get break with vol to
downside, be worth about .5% but be nimbe and
smaller share size
[11:45 am] Ed : monitor
HUM also for confirmation of selling, does
not break with col pass
[12:03 pm] Ed :
HUM never broke down and did not get break of
WLP of 63.92 with vol so should hve been no
trade fyi
[12:26 pm] Mitch K: watching MJN
again
[12:45 pm] Ed : SPY new
hod
[12:59 pm] Mitch K: Have a great
evening and weekend everybody
[12:59 pm]
Ed : have a great weekend traders
| [06:08 am] joeytsa : Good morning Ed,
everyone
[06:08 am] khall : good
morning
[06:09 am] joeytsa :
reports: chicago pmi @ 6:45pst, UofM
#’s @ 6:55pst
[06:09 am] joeytsa :
ES/CL up nicely so far
[06:10 am]
joeytsa : gap up:
TM,VCLK,STZ,SWHC,FSIN,LNCR
[06:11 am]
joeytsa : gap down: RIMM,NKE
[06:12
am] rusty : good morning
[06:14 am]
khall : gm rusty
[06:16 am] mikewd2
-: good morning
[06:18 am] jsn13 :
hi good morning guys….
[06:19 am]
joeytsa : mike: just emailed you a
link
[06:19 am] cdougan : Morning
everyone
[06:19 am] mikewd2 -: ty
joey
[06:19 am] jolliffboy : good
mornin everybody
[06:19 am] joeytsa
: copper up, corn up, gold up..the universe
is saved
[06:20 am] mikewd2 -: oil up 4.31
– yes!!!!
[06:20 am] joeytsa : all
on words, nothing accomplished yet
[06:21
am] qwert : good morning
everybody
[06:21 am] mikewd2 -: not going
to bet on this up swing lasting
[06:24 am]
khall : apparently everyone is bouyed
by the solidarity shown by the EU leaders,
even though personal spending and income are
coming in softer than expected.
[06:24 am]
khall : good Mitch, how are
you?
[06:24 am] qwert : good mk how
about you
[06:24 am] skydiver : Good
Mitch – yes – and you?
[06:24 am]
skydiver : gm all
[06:24 am]
joeytsa : Good morning Mitch
[06:24
am] joeytsa : yeah khall good
point
[06:25 am] scalpman : HI mitch
and ed
[06:25 am] scalpman : Joey
thanks for gappers
[06:25 am]
joeytsa : no prob scalp…now just have
to figure how to make $$ with them
🙂
[06:26 am] mikewd2 -: work up a
strategy to reverse all of them with stops
and see how it goes joey
[06:26 am]
rusty : CMEDY held
[06:27 am]
joeytsa : or just go long and short, 1
should work 🙂
[06:27 am] mikewd2 -:
there you go
[06:28 am] cdougan :
watching CLNE today for potential
breakout.
[06:28 am] joeytsa : just
have to be careful that this is a short
covering rally
[06:28 am] mikewd2 -: UVXY
might provide some nice bounces
[06:29 am]
apple : good morning to all hot
traders
[06:29 am] joeytsa : sitting
around $10 right now
[06:29 am]
khall : gm apple
[06:29 am] mikewd2
-: they just mentioned that on CNBC joey,
good thought
[06:29 am] apple : hey
khall
[06:30 am] joeytsa : mike:
sign up for that link and listen to todays
audio
[06:30 am] mikewd2 -: will do at
break
[06:32 am] scalpman : STZ
L
[06:32 am] joeytsa : MNST had a
spie, bit late now
[06:33 am]
scalpman : OUt 1/2 STZ
[06:33 am]
scalpman : moving up stop to
b.e.e
[06:33 am] joeytsa : yeah
Mitch
[06:34 am] skydiver : watching
JOY for short
[06:34 am] aussie123 :
WOW…took 1k shares of TNA overnight…Oh
happy day
[06:34 am] joeytsa : nicd
aussie
[06:34 am] mikewd2 -: good move
aussie
[06:34 am] rusty :
watchingOREX
[06:38 am] joeytsa :
watching CRM @ $137
[06:38 am]
joeytsa : NKE trying to hold $87
area
[06:40 am] skydiver : Fire
dropping nicely
[06:41 am] mikewd2 -:
watching TAHO again today
[06:43 am]
skydiver : JOY strong today
[06:43
am] scalpman : OUt 1/2 STZ on
re-enter
[06:44 am] joeytsa : yeah
sky
[06:44 am] skydiver : LULU been
bouncy but climbing
[06:44 am]
aussie123 : anything on the
PMI
[06:45 am] mikewd2 -: june PMI up 0.2
to 52.9
[06:45 am] aussie123 : here
it is
[06:45 am] skydiver : NOW just
opened ipo
[06:46 am]
joeytsa : UofM #’s in less than 10
minutes also
[06:46 am] skydiver :
missed FIRE bounce
[06:47 am]
joeytsa : watching NKE here
[06:47
am] joeytsa : nice $2 drop from high
area
[06:48 am] skydiver : NIKE
broke 200 MA
[06:49 am] skydiver :
watching for bottom on NKE
[06:49 am]
scalpman : OUt 1/2 JOY S
[06:50 am]
skydiver : thnx Mitch on NOW
[06:50
am] joeytsa : VMWnice run, see if it
gets tired or not
[06:51 am]
skydiver : JOY coming down a bit – –
SPY hanging around vwap
[06:52 am]
joeytsa : NFLX testing $67
support
[06:52 am] skydiver : LULU
still strong
[06:55 am] joeytsa :
yeah sky, see if it holds this support
here
[06:55 am] scalpman : OUt
another 1/4 JOY S
[06:55 am]
skydiver : thnx joey
[06:55 am]
mikewd2 -: june entiment 73.2 lowest of
year
[06:56 am] mikewd2 -:
sentiment
[06:56 am] aussie123 :
shooting star on GS @6.53
[06:56 am]
scalpman : all out JOY S …great call
Mitch
[06:56 am] mikewd2 -: WLT
[06:57
am] joeytsa : WTW trying to find a
bottom
[06:58 am] scalpman : Out 1/2
CLR….
[06:58 am] scalpman :
S
[07:01 am] scalpman : stopped on
CLR 2nd hakf
[07:01 am]
skydiver : all out of JOY S
[07:01
am] qwert : nice bounce on
mjn
[07:05 am] rusty : IMSC radar
based on daily chart.. no rush kind of
thin
[07:06 am] joeytsa : VMW
testing $90 now
[07:12 am] scalpman
: SPLK S stop at b.e.
[07:13 am]
rusty : NXPI radar
[07:13 am]
qwert : monitoring FRAN
[07:16 am]
scalpman : Out sPLK small
profit.
[07:18 am] rusty : OREX come
to papa
[07:18 am] mikewd2 -: WLT
providing nice 80 cent bounces
[07:19 am]
scalpman : I’m flat…good morning…Ed
I hit the gapper STZ for couple of
runs…using price action and stochs (of
course)…
[07:20 am] Ed : how did it work
4u?
[07:20 am] qwert : nice
scalp
[07:20 am] joeytsa : nice
going scalp
[07:20 am] scalpman :
several other good trades…
[07:21 am]
scalpman : I was reading it pretty
well…and watching stochs like
“EYES”
[07:21 am] Ed : nice
going
[07:21 am] doji : Good morning
fellas
[07:21 am] scalpman :
Thanks…I’m flat now taking 5
[07:21 am]
mikewd2 -: out WLT L +0.80
[07:22 am]
skydiver : WTW – slooooow climb this
morning 🙂
[07:23 am] joeytsa : yeah
sky, nice off that early drop
[07:23
am] skydiver : all out of WTW
L
[07:23 am] jsn13 : El nice climb
up….slow and steady….
[07:24 am]
doji : I missed the open today… what
a rally!
[07:24 am] doji : I
shouldn’t have closed all my core positions
in SLB and WFT
[07:24 am] joeytsa :
has anyone seen doji today?
[07:24 am]
skydiver : not me joey
[07:24 am]
joeytsa : 🙂
[07:24 am] mikewd2 -:
not yet joey
[07:24 am] mikewd2 -:
probably out on the beach
[07:25 am]
joeytsa : practicing his
zumba
[07:25 am] rusty : SP revises
X outlook to negative, affirms
ratings
[07:26 am] rusty : IMSC
jeez
[07:26 am] doji : Too funny
Joey… someone has to work…
hahaha
[07:26 am] joeytsa :
🙂
[07:27 am] doji : I mean office
work
[07:30 am] mikewd2 -: oil up
4.59
[07:32 am] doji : Will not
chase oil stocks here… will wait until they
report in the next weeks…
[07:32 am]
skydiver : BIDU monitoring
[07:33
am] rusty : covered OREX
[07:33 am]
doji : Hi Rusty
[07:33 am]
rusty : OSIR radar
[07:34 am]
rusty : lod
[07:34 am]
scalpman : OU t 1/2 NAV S
[07:35 am]
mikewd2 -: out NAV S +1.0%
[07:36 am]
mikewd2 -: thanks Mitch
[07:36 am]
scalpman : OUt antoerh 1/4
NAV
[07:36 am] qwert : nice call on
nav thx mk
[07:37 am] scalpman : OUt
1/2 SPLK
[07:37 am] Ed : distractionsssss,
I am going to kick the ac man out, dont care
if it will be 103 today
[07:37 am]
rusty : JPM rada
[07:37 am]
rusty : JPM
[07:38 am] rusty :
alrt
[07:38 am] joeytsa : i hear ya
Ed…got the maids coming in a few…too much
noise
[07:39 am] skydiver : yeah –
my butler has been sneezing all morning
—
[07:39 am] cdougan : ha
[07:39
am] qwert : hahaha
[07:39 am]
joeytsa : haha
[07:39 am]
skydiver : 🙂
[07:40 am]
joeytsa : dumb noise can throw you off
though
[07:40 am] skydiver : yeah –
wife been asking about a few things —
however — I’ll state she is “smart” ah ah .
. . conversation 🙂
[07:40 am]
joeytsa : see you all in an hour or
so
[07:40 am] rusty : you should
hire a smarter maid
[07:41 am]
skydiver : take care joey —
enjoy
[07:41 am] khall : if the maid
was that smart, she probably would not opt to
be a maid?
[07:42 am] scalpman : All
out NAV s
[07:42 am] joeytsa :
probably khall…ours our nice, pretty
sure they arent from here though 🙂
[07:42
am] qwert : nice trade scalp
[07:42
am] joeytsa : nice scalp
[07:43 am]
scalpman : reducing SPLK
[07:43 am]
scalpman : Thanks Qwert
[07:44 am]
qwert : 🙂
[07:44 am] scalpman
: having a great day….
[07:44 am]
mikewd2 -: got out of WLT L to early, went
right back to PP
[07:45 am] scalpman
: thanks joey…I watch your gappers…this
morning…got one.
[07:45 am]
scalpman : LNCR was nice to on the
short side….
[07:45 am] scalpman :
stopped on WTW
[07:46 am] apple :
MDVN moving
[07:46 am] joeytsa :
good to hear scalp..ok im out, be back
later..keep the goodtrades coming
[07:46
am] mikewd2 -: TAHO hod
[07:47 am]
scalpman : WTW at the OPEN
interesting..
[07:48 am] Ed : hey scalp
see how ULTA played out @near opening
price
[07:49 am] scalpman : re-enter
on WTW @ 51.25 ….3c stop
[07:50 am]
scalpman : will look
[07:51 am]
scalpman : stopped on WTW
again..
[07:51 am] rusty : JIVE
radar
[07:51 am] rusty : sorry late
on JIVE alert
[07:51 am] doji : IPXL
needs to drop faster with accelerating
volume
[07:52 am] skydiver : no
problem rusty – thnx for your alerts
🙂
[07:52 am] doji : Are you tring
to short WTW Scalp?
[07:52 am]
scalpman : Ed di you short ULTA @
91.83
[07:52 am] cdougan : STZ looks
like consolidation
[07:53 am]
skydiver : all out of FIRE s
[07:53
am] Ed : missed the am short, but got the 2nd
one 10:35 lower high, on Mitch call
[07:54
am] scalpman : All out SPLK small
profit.
[07:55 am] scalpman :
yes…excellent
[07:55 am] Ed : came up in
our study class 🙂
[07:56 am] doji :
JPM
[07:57 am] rusty : lod
[07:57
am] jsn13 : ed, did u take MDVN
log?
[07:58 am] Ed : no,
[07:59 am]
jsn13 : not good setup?
[08:00 am]
Ed : distractions and dont like to trade much
till gets resolved
[08:00 am] jsn13
: ok i see….thanks….
[08:00 am]
qwert : tif moving
[08:03 am]
scalpman : OUt 1/2 STZ S
[08:07 am]
rusty : QCOR rada
[08:13 am]
apple : thx rusty
[08:13 am]
scalpman : OUt another 1/4 STZ
S
[08:14 am] mikewd2 -: VRTX hod
[08:15
am] doji : IPXL
[08:18 am]
jsn13 : ed, i was just about to ask u
bo short…what was ur entry price?
[08:18
am] jsn13 : *about
[08:18 am] Ed :
it looked weak so I entered small at 19.97
and more at 19.89
[08:19 am] doji :
Are you shorting IPXL Ed?
[08:19 am]
jsn13 : good one ed….nice
breakdown….
[08:19 am] Ed :
yes
[08:19 am] doji : Didn’t see
your post on taking it short…
[08:19 am]
rusty : OREX ld
[08:19 am]
scalpman : All out STZ
[08:20 am] Ed
: I mentioned to wat the level of 20 ws key
had been ther 4x and posted chart to see
also
[08:20 am] doji : Never
mind
[08:20 am] qwert : great call
Ed
[08:21 am] Ed : thx qwert
[08:22 am]
Ed : though the visual woud be huge help also
to show what I was lookn at
[08:22 am]
qwert : it sure helps me thx
ED
[08:22 am] Ed : nevermind cant
spell
[08:22 am] scalpman : Some
thought you were looking for a
bounce..
[08:23 am] doji : On the
next upgrade of the trading room we’ll place
a camera on Ed’s shoulders….
[08:23 am]
Ed : some thought short/ some thought long
interesing
[08:24 am] scalpman :
….like that on IPXL
[08:24 am] Ed : FYI,
when stock comes down to an are more than 2x,
and is weak odds favor break
[08:24 am]
qwert : i have an idea for next upgrade
a place where we can enter symbols so we will
get an alert sound
[08:24 am] Ed : same
with upside
[08:25 am] Ed : So on IPXL it
had hit that area 4x and today made
5
[08:25 am] skydiver : thnx Ed – 2x
? interesting
[08:25 am] doji
: I didn’t take it either way; I was waiting
for accerelation in price and
volume
[08:26 am] skydiver : NKE up
a bit
[08:26 am] doji : Usually
double/tripple bottoms signal reversal,
right?
[08:26 am] Ed : key is weak
action
[08:26 am] scalpman : IPXL L
@ 19.70
[08:26 am] doji : I’ll guess
that work only when there is accelreation in
price and volume
[08:26 am] doji :
on the case of IPXL, acceleration was not
there before it hit 20
[08:27 am]
doji : so it was still weak when it hit
20…
[08:27 am] doji : hummmm
interesting
[08:27 am] doji : thanks
Ed
[08:27 am] Ed : 2 ways to play, notice
IPXL was slow march of death, add the factor
of hitting for 5th time
[08:27 am]
scalpman : Out 1/2 IPXL L
[08:28 am]
qwert : nice scalp
[08:28 am]
doji : 19.6 could have been a nice
long…
[08:28 am] doji : but now 20
becomes a stromng resistance….
[08:29
am] doji : so profist should be
limitted
[08:29 am] Ed : just something
for next time, “slow death march, weak
action, 5th time hitting area of
support
[08:29 am] khall : LOL –
thanks for the hint Ed
[08:29 am]
scalpman : Thanks qwert
[08:30 am]
skydiver : thnx again Ed – good
info
[08:30 am] Ed : that why played that
one differently with no strong vol on break
but was also small on initial positon until
it broke
[08:30 am] scalpman : See
if IPXL holds here…stop above break
even
[08:32 am] scalpman : reducing
IPXL
[08:32 am] scalpman : ..on that
last bounce…it looks weak
[08:32 am]
doji : Crude oil jumped 6%
[08:33
am] scalpman : All out IPXL L
[08:33
am] doji : Ed, are you still short in
IPXL?
[08:34 am] mikewd2 -: yep,that was
good doji
[08:34 am] doji : Good
what?
[08:35 am] mikewd2 -: oil
jumped
[08:35 am] doji : I don’t
trade oil futures Mike
[08:35 am] mikewd2
-: how about oil etfs
[08:35 am]
jsn13 : Ed, what do u think bout HCA
long/
[08:36 am] doji :
None
[08:38 am] jsn13 : as HCA a
good breakout candidate juz now b4 it
failed?
[08:39 am] Ed : no competely out
doji
[08:39 am] jsn13 : should
be
[08:39 am] Ed : it was at
30.10
[08:40 am] jsn13 : sorry wrong
keyboard..
[08:40 am] Ed : jason thats for
hca, uphear would need some nice long
consolidaiton for portion of day
[08:41
am] jsn13 : ed, juz now it has limited
upside right?
[08:41 am] Ed : oh doji,
great point on the 2x, and 3x hitting area,
its best to have breakdown with huuge vol. to
increase odds
[08:41 am] mikewd2 -: NKE
trending back up slowly
[08:41 am] Ed :
had nice consolidation at 31 level
[08:41
am] doji : Thanks Ed
[08:42 am]
mikewd2 -: Ed, i think that was CCE
[08:42
am] Ed : oh, thought he aksed about
HCS
[08:42 am] Ed : HCA
[08:43 am]
mikewd2 -: on mitch’s CCE
[08:43 am]
jsn13 : if it holds and move up and
break hod with high volume, is it a nICE
long/
[08:43 am] jsn13 : yUP
HCA…
[08:43 am] Ed : I would want some
consolidation
[08:44 am] Ed : or
pulback
[08:44 am] jsn13 : so 11.34
bar was a legit entry right?
[08:44 am]
jsn13 : for long i mean….
[08:45
am] Ed : I still would have like 31 area
better, I would be getting skeptical of
potential at 11:34. Could be wrong but those
would be my thoughts, I would not be
comfy
[08:46 am] Ed : YES, he is finally
gone, I can get back to work
[08:46 am]
jsn13 : good one ed….thanks….on
daily i saw limited upside also…
[08:46
am] mikewd2 -: NKE moving hod
[08:47 am]
Ed : there is ur HCA jason
[08:48 am]
jsn13 : ok thanks…
[08:50 am]
jsn13 : ed, seems like 10.50am bar for
HCA is a better entry…
[08:50 am] Ed :
yep
[08:50 am] jsn13 : thanks
ed….
[08:51 am] scalpman : All out
FMX L ….small profit…stochs turning
over
[08:52 am] Ed : how goes it
scalp?
[08:53 am] scalpman : Great
Ed…I reading well..no dumb
moves…
[08:53 am] scalpman : I
am
[08:53 am] Ed : great, whoever causes u
to do the “dumb” moves needs to be
fired
[08:53 am] Ed : happens to us
all
[08:54 am] scalpman : I’m
fired…
[08:54 am] Ed : lol
[08:54 am]
scalpman : looking the
edge…
[08:54 am] Ed : great
[08:55
am] rusty :
http://www.smartmoney.com/invest/stocks/book-
takes-a-look-inside-professional-day-traders-
1339513989350/
[08:56 am] cdougan :
That’s all for me. Have a great weekend
everyone and thanks for the calls.
[08:56
am] khall : yeah Rusty, I read that
article last week.
[08:57 am] Ed : thx
rusty
[08:57 am] scalpman : Mitt
Romney like to fire me…
[08:57 am]
khall : Not quite sure I agree with his
take on the situation
[08:57 am]
scalpman : …likes
[08:57 am] Ed :
c ya cdougan
[08:57 am] qwert : cya
cdoug
[08:59 am] rusty : OREX
bounce
[09:01 am] joeytsa : Thanks
for that article rusty
[09:02 am]
doji : SLB WFT at lod
[09:02 am]
doji : Didn’t get the long but hammered
on the short….
[09:03 am] joeytsa
:
http://www.forexpros.com/indices/indices-futu
res
[09:03 am] joeytsa : decent link
if you like to follow futures
[09:05 am]
scalpman : RRC
[09:05 am]
rusty :
http://www.bbc.co.uk/news/world-middle-east-1
8650633#TWEET166531
[09:05 am] rusty
: Egypt President addressing new
flock
[09:08 am] rusty : camera
dropped camera
[09:08 am] rusty :
cameramn
[09:08 am] joeytsa :
hah
[09:12 am] rusty : anyone here
use Streetaccon.com?
[09:12 am]
rusty : streetaccount.cm
[09:12 am]
joeytsa : never heard of it
[09:12
am] rusty : pardon my typing…my java
needs updating
[09:13 am] rusty :
hear its very good for news, moving stocks
etc
[09:13 am] joeytsa : 2 week free
trial
[09:13 am] rusty : might be
worth checking out
[09:18 am]
scalpman : Time to go….very
green…thanks for excellent calls by Mitch
and Ed.
[09:18 am] scalpman : See
you apple, qwert, joey and
others…
[09:18 am] Ed : c ya
scalp
[09:18 am] scalpman : Scalpman
has left the building…
[09:18 am]
khall : bye scalp – have a good
weekend
[09:18 am] joeytsa : bye
scalp…great trading
[09:22 am]
rusty :
http://www.politico.com/multimedia/video/2012
/06/politico-playback-6-29-12.html
[09:29
am] skydiver : nice to have you back
rusty 🙂 – thnx for the links
[09:30 am]
skydiver : well – need to depart – in
the green slightly – but green 🙂
see you all Monday
[09:30 am] go4it
: Ditto Rusty!
[09:30 am] joeytsa :
have a good wekend sky
[09:30 am]
rusty : ty, take care
[09:30 am]
skydiver : 🙂
[09:30 am] qwert
: bye sky
[09:31 am] joeytsa : NKE
testing res
[09:36 am] rusty : so
let’s review GS smartest on the street recent
calls:
[09:37 am] rusty :
3/20/12 Generational buying
opportunity
[09:37 am] rusty :
6/21/1 Short market
[09:38 am] rusty
: Mom and pop dont have a chance
[09:39
am] rusty : Another guru…
[09:40
am] rusty :
http://www.thestreet.com/story/11525992/3/buy
-in-may-and-go-away.html
[09:40 am]
rusty : Kas – Buy in May and go
awa
[09:40 am] rusty : y
[09:41
am] khall : funny all the different
perspectives – I saw something yesterday that
said if we opened up today, we’d have a rally
for the summer – if we opened down, then we’d
have a downtrend for the rest of the
summer. How someone can base that on
one day is beyond me
[09:42 am] Ed : and
if u wear blue you will have an awesome day
no matter waht
[09:42 am] khall :
great – I’m wearing blue!!
[09:43 am] Ed :
on saturday
[09:43 am] joeytsa : i
think it will be a summer of bullish/bearish
action 🙂
[09:43 am] khall :
ha ha – when I first read that I thought you
typed bulls**t
[09:43 am] Ed : u have
to wear it 2 days in a row
khall
[09:43 am] khall : okay, I can
do that Ed
[09:43 am] joeytsa : no
khall..you were just reading between the
lines
[09:43 am] khall :
ahhhhhh
[09:44 am] joeytsa : not
sure how investors stomach the ride
[09:44
am] Ed : some say they have not looked at
statement in years
[09:45 am]
joeytsa : there ya go
[09:45 am]
khall : that’s dangerous – we look at
long term stuff once a month or so
[09:46
am] joeytsa : having your money at risk
24/7 just isnt for me
[09:48 am]
khall : I understand…. we met
with the financial advisor my husband has had
for years and years yesterday. I think
she was surprised when I challenged some of
her thoughts and said “no, we aren’t going to
do that”
[09:50 am] khall : her view
on some of the companies we trade is
“interesting”
[09:52 am] joeytsa :
they look at it from a fa view
[09:55 am]
khall : which is great, but you don’t
buy more of something that has lost 50% of
it’s value lately due to foreign government
“intervention” when you already are heavily
invested in that sector
[09:55 am]
khall : that one just kind of peeved me
off
[09:56 am] joeytsa : they will
avg you down to $1 🙂
[09:56 am]
khall : LOL – no kidding
[09:57 am]
doji : Spkie on the SPY, any new
news?
[09:57 am] joeytsa : for the
most part, all they really are are
salespeople
[09:58 am] aussie123 :
oil in orbit
[09:58 am] khall :
that’s what I’ve tried to explain to my
husband
[09:58 am] joeytsa : yeah
aussie over $83
[09:58 am] joeytsa :
ORLY trying t break out a bit..not a big
move
[09:58 am] doji : Must be some
news…
[09:59 am] khall : VRTX
spiking with volume
[10:00 am] eyes
: Hy Everyone Just got back Home Drove al day
and night
[10:00 am] doji : Oil
moving up
[10:00 am] doji :
more
[10:01 am] Ed : so you will be ready
monday morning
[10:01 am] qwert %: hi
eyes
[10:01 am] eyes : o yes i am
going to bed 23 hours striat
[10:01 am]
apple : hey eyes where were
you?
[10:02 am] doji : Lost sight of
LEN and now $1 up….
[10:02 am]
eyes : in Iowa
[10:03 am]
apple : keep you eyes on LEN
doji
[10:03 am] apple : eyes then
you are back in Utah
[10:03 am] eyes
: just got here
[10:06 am] apple :
you will be moving to iowa, right?
when?
[10:06 am] eyes : I am not
shure my house did not sell fell
through
[10:06 am] joeytsa : tighten
ORLY if you took it on the breakout
[10:08
am] Ed : hey apple any difference?
[10:09
am] apple : yes, thx
[10:09 am]
doji : Any news on why oil futures are
moving up?
[10:09 am] doji : There
must be somethings coming from middle
east
[10:09 am] doji :
Iran?
[10:10 am] joeytsa : maybe the
egypt news?
[10:11 am] doji : Egypt
cannot disturb the market, not to move oil
7%
[10:12 am] doji : Need to be
Irak, Iran, Saudi, Russia…. big
producers
[10:12 am] joeytsa : ES
keeps testing 1350
[10:12 am] eyes :
Well See you all monday bright and
early
[10:12 am] doji : unless all
the problems have been solved!
[10:12 am]
doji : in EU
[10:12 am] Ed : they
have no more worries at all, all is
well
[10:13 am] apple : bye eye have
a great weekend
[10:13 am] Ed : in
dreamland
[10:13 am] apple : oil is
well
[10:13 am] joeytsa : and obama
is still president..how can anything be
wron
[10:13 am] doji : Yeap…
everything is fine in EU…
[10:13 am]
doji : Next earnings report will paint
the real issues…
[10:14 am] doji :
When Alcoa reports?
[10:14 am]
joeytsa : july 9th i think
[10:15
am] doji : I have it on July
24
[10:15 am] joeytsa : be
interesting earnings season…see how they
play wth the #
[10:15 am] joeytsa :
yahoo finance has it on the 9th…not sure
how accurate they are
[10:17 am]
joeytsa : earningswhisper.com has AA
reporting on july 9th also
[10:18 am]
apple : then let’s go with the
9th
[10:18 am] doji : Don’t know why
TOS have it on the 24th
[10:18 am] Ed :
nice recovery in RRC
[10:18 am]
joeytsa : it gets to brazil by pony
express by the 24th 🙂
[10:19 am]
apple : very nice on MJN E
[10:22
am] Ed : did she just say the final day of
2012? on cnbc
[10:22 am] Ed : she
did
[10:22 am] aussie123 : Holy
Moly,,,just looked at the /cl on the 5
min…wow
[10:23 am] joeytsa : nice
$ fromthe open aussie
[10:23 am]
joeytsa : even the 1min had a nice
breakout…wish i had those times
up
[10:26 am] aussie123 : been
wanting to enter for the past half hour…but
I keep thinking it has to top out
sometime
[10:26 am] apple : i keep
losing connection here
[10:26 am]
joeytsa : thats where stop losses come
in
[10:27 am] joeytsa : crude keeps
testin $84
[10:32 am] aussie123 :
could this euphoria stem from the last day of
the quarter & half year???
[10:33
am] apple : nice move on oil since
12:30 – last hour
[10:34 am] Ed : SEC
frown on last day mark up, so alot Im sure is
buying and short covering. Managers can so
call window dress but not last day trading
day of month or quarter
[10:35 am]
aussie123 : thanks Ed
[10:35 am]
apple : yeah, thx E
[10:35 am]
rusty : OREX coming to papa
agin
[10:36 am] apple : good job
rusty
[10:42 am] qwert : ed did u
short whr
[10:43 am] Ed : no, was nt
apying attention
[10:43 am] apple :
nice gap on BUD this morning
[10:43 am]
qwert : thx
[10:44 am] jsn13 :
Ed, did u take AKS short? seems to have a
good signal after the 1st green bar
closed…
[10:44 am] Ed : shame on
me
[10:44 am] Ed : no
[10:44 am] Ed :
saw it late
[10:45 am] jsn13 : sorry
i mean long on AKS…
[10:45 am] Ed : no
was just watching it
[10:46 am]
jsn13 : ok thanks….but was it a valid
entry with good setup?
[10:47 am] Ed : yes
it was bounced off some support on
daily
[10:47 am] mikewd2 -: looking for
another short on WLT at some point
[10:48
am] jsn13 : ok thanks ed….
[10:51
am] mikewd2 -: VRTX
[10:53 am] apple
: thx mike
[10:53 am] apple : just
looking at MDVN – dbld in price since
jan
[11:01 am] apple : CAB also had
a nice gap up today
[11:03 am] apple
: E – i see said the blind man
[11:03 am]
mikewd2 -: to his deaf wife
[11:06 am]
mikewd2 -: AAPL moving
[11:07 am] mikewd2
-: watching WLT and missed the
short
[11:17 am] apple : i thought
the husband turned a deaf ear
[11:18 am]
apple : and the son
[11:19 am]
apple : the ES is doing a slow
cha-cha
[11:19 am] mikewd2 -:
TAHO
[11:20 am] apple : you can have
5 if you like
[11:22 am] mikewd2 -: some
negative news on FSLR on CNBC a few minutes
ago
[11:23 am] khall : yes,
allegations that they are basically lying
about units being shipped to
Germany
[11:23 am] apple : big drop
last 15 min
[11:23 am] apple : sell,
sell, sell
[11:33 am] aussie123 :
thanks MK…caught it twice
[11:36 am]
apple : see it, MK thx
[11:39 am]
mikewd2 -: oil up $7.10, pretty nice
day
[11:40 am] Ed : thats purrty
[11:40
am] mikewd2 -: bu t ful
[11:40 am]
apple : i’d say it was
excellent!
[11:46 am] joeytsa :
SABA?
[11:48 am] qwert : thx
joey
[11:48 am] mikewd2 -: nice
joey
[11:48 am] joeytsa : just
flashed across the scanner…never heard of
them
[11:49 am] Ed : nice one
joey
[11:50 am] doji : Back….
aggghhh too busy these days….
[11:51 am]
apple : hey doji
[11:51 am]
doji : Hi Apple
[11:51 am]
apple : some move joey
[11:52 am]
doji : Hope you did welll… I have
missed all the action today….
[11:52 am]
apple : mon is anew month
[11:52 am]
doji : I was expecting that answer
Apple… I have a different
approach
[11:53 am] doji : Time that
is gone, is gone forever… that is
[11:53
am] apple : enjoy every
moment
[11:53 am] apple : carpe
diem
[11:53 am] doji : and an
opportunit that is gone, is gone
forever…
[11:54 am] apple : there
are always others, as you well know.
sometimes it’s a blessing
[11:55 am]
doji : But that is “another”
opportunity
[11:55 am] apple : as
long as you live and breathe
[11:56 am]
apple : nice drop on SABA
[11:56 am]
doji : Yeap….
[12:00 pm]
doji : Oil up 9.5%…this must be the
highest move in price in years?
[12:01 pm]
doji : Rusty?
[12:06 pm] Ed : even
jason is quiet
[12:06 pm] doji : I
better don’t say a word
[12:07 pm] Ed : ur
fine doji, thx for what u guys did in ur opec
meeting
[12:07 pm] joeytsa :
🙂
[12:08 pm] joeytsa : today it was
doji/opec, yesterday it was rusty/supreme
ct
[12:08 pm] joeytsa : room is full
of heavy hitters
[12:08 pm] Ed : we should
be priveledged
[12:08 pm] doji :
Well, at least bonussess at work this year
will be great…. we just need oil to rally
on this fashinon till it hit $200
[12:09
pm] joeytsa : so just remind me
again…how is euroe saved? when did
china rev up again? and when did our
jobs # go thru the roof?
[12:10 pm] Ed :
it all took place while u were
sleeping
[12:10 pm] joeytsa :
🙂
[12:10 pm] joeytsa : all brought
by the tooth fairy
[12:10 pm] Ed :
yep
[12:11 pm] doji : I am just
laughfing at Market Watch front page….it
seems nobody look at the customer
services
[12:11 pm] doji : I see on
the comments people referrring the the
headlines as BS by Market Watch
[12:11 pm]
khall : the market may wake up over the
weekend and realize next week that absolutely
nothing is really resolved
[12:12 pm]
doji : Remember the Monday after the
Greek’s elections?
[12:13 pm] Ed : its all
a blur, we partied in greece right after the
elections
[12:14 pm] joeytsa : as
traders it doesnt matter
[12:14 pm]
joeytsa : let stocks soar, just gives
us more downside to catch
[12:15 pm]
doji : Yesterday the Brazilian Minister
of Economy was saying that people only know
the crisis by what they watch on the news but
the reality is different
[12:16 pm]
joeytsa : most people have no clue
doji
[12:17 pm] doji : And people
here in Brazil are paying almost $1MM for a
1000-sqft apartment
[12:17 pm] doji
: and that is not even in front of the beacj
but across a heavy highway…..
[12:18 pm]
doji : The minister textually said that
the future will be “hard” and that people
should soften on the exhuberances of real
state
[12:19 pm] joeytsa : i have
heard that brazil is slowing
[12:19 pm]
doji : hahahha I am just waiting for
the prices to plummet to buy my condo in
front if the beach….
[12:20 pm]
doji : Brazil is slowing… PBR is
cutting budget for 2013… China is
slowing…. hum…..
[12:21 pm] doji
: Who said that is June rallies, summer
shoudl follow?
[12:21 pm] doji :
if
[12:22 pm] joeytsa : who
knows
[12:22 pm] doji : Somebody
said it here
[12:22 pm] joeytsa :
india slowing too
[12:22 pm] joeytsa
: china slows means Aus/NZ slow
[12:23 pm]
khall : doji, I read something last
night where some expert said if we open
higher today, then summer will rally – if we
open down, then it will slide
[12:23 pm]
doji : Yeap, all oil and gas projects
in Australia depends almost enterely on
China’s demand
[12:23 pm] doji :
AAPL
[12:24 pm] joeytsa : same with
timber exports to china
[12:25 pm] mikewd2
-: i thought violitility might go up in the
afternoon nearer close, not looking like
it
[12:26 pm] mikewd2 -: UVXY has been
pretty flat
[12:26 pm] khall : yeah,
there’s always next week
[12:30 pm]
joeytsa : calling it a week, time
to punish the body…have a great weekend
everyone
[12:30 pm] joeytsa : thanks
Mitch,Ed,everyone
[12:30 pm] mikewd2 -: me
too joey –
[12:30 pm] Ed : c ya
joey
[12:30 pm] doji : Bye
[12:30
pm] khall : bye joey, have a good
one
[12:30 pm] joeytsa : good for
you mike
[12:31 pm] qwert : have a
great weekend joey, mike
[12:31 pm]
joeytsa : should be decent qwet,
thanks…going to a show tonight, then relax
the rest
[12:32 pm] qwert : were
goin to hawaii next week pretty excited about
that :))
[12:32 pm] joeytsa :
have fun
[12:32 pm] Ed : have safe trip
enjoy
[12:32 pm] khall : I would be
excited about that too – have a great
time
[12:33 pm] qwert : gonna bring
the laptop and ipad Ill be here part
time
[12:33 pm] qwert : not leaving
till monday night so will be here all day
monday
[12:44 pm] qwert : bye
everybody have a great weekend, see ya
all next week
[12:47 pm] Ed : c ya
qwert
[12:53 pm] apple : was just on
phone with TS for last hour, anywy, thx MK, E
and everyone. have a fabulous
weekend.
[12:53 pm] Ed : take care
apple
[01:01 pm] aussie123 : Thnx
guys & gals
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